1438 Meridian Ave, Miami Beach FL 33139 | Miami-Dade County | A12023899

1438 Meridian Ave, Miami Beach FL 33139

Active Residential Income Active

$2,400,000

16 More

Type
Quadruplex

4644 Sq Ft
Area Size

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Active Residential Income Active

1438 Meridian Ave, Miami Beach FL 33139 | Miami-Dade County | A12023899

1438 Meridian Ave, Miami Beach FL 33139

$2,400,000

Description

PARKEDGE – Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income.
Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes.
Situated near Lincoln Road, Española Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach’s finest dining, Art Basel, and world-class entertainment in one of Miami Beach’s most famous neighborhoods.
The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.

Property Overview

1438 Meridian Ave is a six-unit quadruplex in the heart of Parkedge, Miami Beach, part of the Espanola Villas 1st Addition. This fully renovated Art Deco building offers a mix of two loft-style units and four one-bedroom/one-bath apartments, all currently leased under annual agreements. Located directly across from Flamingo Park, the property is close to the best of South Beach—Lincoln Road, Espanola Way, and four blocks to the ocean. Each unit features Brazilian Cherrywood flooring, granite and quartz countertops, stainless steel appliances, and in-unit laundry. The building is 100% occupied and in-place rents are below market, offering strong rental upside. With all new plumbing, electrical, HVAC, roof, and impact windows, this turnkey investment is well-maintained and ready for continued success. The structure totals 4,644 square feet and was built in 1936, making it one of the older yet well-preserved properties in the area. There is no HOA fee, giving the owner full control over the property's management and use. For more details or to arrange a showing, call 305-859-4733.

Frequently Asked Questions

How many units are in the building?

The building has six units — four one-bedroom/one-bath apartments and two loft-style residences.

What are the current rental rates like for the units?

The in-place rents are below current market rates, which means there's potential for rental upside.

What kind of renovations have been done to the building?

The building has been gut renovated with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Each unit has Brazilian Cherrywood or wood flooring, granite or quartz countertops, stainless steel appliances, and designer cabinetry.

Is there an HOA fee for this property?

No, there is no HOA fee for this property.

How is the location of the property?

The property is on Meridian Avenue, directly across from Flamingo Park. It's also near Lincoln Road and Española Way, and just four blocks from the beach.